Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2025 Earnings Presentation
41 slides from Alma Media Oyj's earnings presentation, Apr 25, 2025
Slide 1: IR Presentation, post Q1 2025
IR Presentation, post Q1 2025
Slide 2: Alma in figures (FY 2024)
Alma in figures (FY 2024) Revenue Digital business Adj. operating Adj. Operating profit profit % 313 84% 77 25% 40/60 MEUR MEUR abroad / in Finland % of employees ROE ROI Equity ratio Dividend of Alma’s media reach about 23% 15% 49% 0.46 89% euros per share of Finns weekly TSR 500% 1 660 c. (2015–20
Slide 3: FY 2024 Highlights: Revenue grew by 2.5%, adjusted operating profit up by 4.4%
FY 2024 Revenue grew by 2.5%, adjusted operating profit up by Highlights 4.4% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +2.5% 120 +4.4% 30 308.7 304.9 312.7 24.1% 24.6% 100 23.8% 25 76.9 80 73.4 73.6 20 60 15 40 10 20 5 2022 2023 2024 0 0 2022 2023 2024 • Solid performance despi
Slide 4: Q1 2025 Highlights: Revenue grew by 4.0%, adjusted operating profit up by 6.6%
Q1 2025 Revenue grew by 4.0%, adjusted operating profit up by Highlights 6.6% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.0% 30 30 76.2 79.2 +6.6% 75.3 25 22.6% 21.7% 25 21.2% 20 17.0 17.2 20 16.1 15 15 10 10 5 5 Q1 2023 Q1 2024 Q1 2025 0 0 Q1 2023 Q1 2024 Q1 2025 • Solid perfo
Slide 5: Strong market positions and leading brands in key areas
Strong market positions and leading brands in key areas RECRUITING #1 Czech Republic jobs.cz, prace.cz #1 Slovakia profesia.sk #1 Croatia mojposao.net #2 Finland jobly.fi 1 #1-3 Estonia, Latvia, cvonline.com Lithuania 1 #1 Bosnia and Herzegovina, mojposao.ba, 1 Macedonia, Serbia vrabotuvanje.com.mk,
Slide 6: Alma Media's transformational journey
Alma Media’s transformational journey Exploiting paradigm changes in technology and consumer behaviour Integrating Platforms 2020 > Media and Services • Expanding our role in value chains • Streamlining customer processes by 2000 - 2020 integrating services to platforms • Enabling integrations also
Slide 7: Continuing the renewal of portfolio – net investments over MEUR 200
Continuing the renewal of portfolio – net investments over MEUR 200 to digital transformation and growth INVESTMENTS OF WITH A STRONG FOCUS ON DIGITAL BUSINESS AutoJerry Suomen Tukkuautot Alma Mediapartners (35%) Techloop Netello (40%) Toimitilat.fi Netwheels Edilex Katsastushinnat.fi Etua.fi (40%)
Slide 8: Digital transformation
Digital transformation 2024 84% 400 90% 350 80% 12 70% 300 23 38 60% 250 Others 50% 200 Print 40% 150 247 Digital 263 30% 100 Digital rate 20% 50 10% 17 0 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ǻ
Slide 9: Digital transformation and change in business mix driving operational gearing
Digital transformation and change in business mix driving operational gearing REVENUE ADJUSTED OPERATING PROFIT MEUR MEUR 2024 350 83.6% 90% 90 2024 30.0 % 80% 24.6% 300 12 80 22 25.0 % 70% 70 250 95 60% 60 20.0 % 200 50% 50 263 15.0 % 150 2014 40% 40 32.0% 30% 30 2014 10.0 % 100 7.2% 20% 20 179 5.0
Slide 10: Revenue bolstered by acquisitions. The market conditions and uncertainty curbing the growth
Revenue bolstered by acquisitions. The market conditions and uncertainty curbing the growth REVENUE Q1 2025 (MEUR) ADJUSTED OPERATING PROFIT Q1 2025 (MEUR) -0.7 79.2 -0.3 17.2 0.0 +0.4 +4.0 16.1 +1.5 76.2 -0.6 -0.2 Q1 2024 Alma Alma Alma News Non- Q1 2025 Q1 2024 Alma Alma Alma News Non- Q1 2025 Car
Slide 11: On rolling 12 months basis, the share of digital business grew to new records
On rolling 12 months basis, the share of digital business grew to new records SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* REVENUE BY REVENUE CLASSES Q1 2025 (MEUR) 84% 85% (REVENUE CHANGE IN BRACKETS) 300 81% 82% 77% 263 267 80 69% 251 Classified 31.1 0.9 (2.8%) 250 250 66% 70 ** 63% 61% 212 58% 59%
Slide 12: Alma Career: Revenue on par, profitability declined due to development costs
Alma Career: Revenue on par with the comparison period, profitability declined due to development costs in Q1 REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 50 43.2% 45 (REVENUE CHANGE IN BRACKETS) 40.2% 40.4% 45 38.7% 26.9 36.
Slide 13: Invoicing & revenue recognition in Alma Career, rolling 12 months
Invoicing & revenue recognition in Alma Career, rolling 12 months Rolling 12 months, EURk Revenue Invoicing 10 000 9 500 8,982 9 000 8,915 8 500 8 000 7 876 7 500 7 000 6 847 6 500 6 000 09/21 11/21 01/22 03/22 05/22 07/22 09/22 11/22 01/23 03/23 05/23 07/23 09/23 11/23 01/24 03/24 05/24 07/24 09/24
Slide 14: Alma Marketplaces: Profitability significantly strengthened in Q1
Alma Marketplaces: Profitability significantly strengthened by organic growth and business acquisitions in Q1 REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 40 (REVENUE CHANGE IN BRACKETS) 35.3% 26.9 35 +1.1 +1.1 +0.1 28.4% 27.
Slide 15: Alma News Media: Strong profitability growth continued in Q1
Alma News Media: Strong profitability growth continued in Q1 REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY REVENUE CLASSES (MEUR) SEGMENT REVENUE BY DIGITAL/PRINT (REVENUE CHANGE IN BRACKETS) 45 35 26.5 40 30 -0.5 35 +0.1 -0.3 25.8 Digital 15.6 0.8 (5.4%) 29.1 25 30 26.5 27.2 24.5
Slide 16: Solid financial position
SOLID FINANCIAL POSITION
Slide 17: Alma Media's long-term financial targets
Alma Media’s long-term financial targets* * https://www.almamedia.fi/en/newsroom/ REVENUE GROWTH (%) ADJUSTED OPERATING PROFIT (%)* NET DEBT/EBITDA RATIO* >5.0% >30% <2.5x 19.6 >30% 2.3 24.6 24.7 <2.5x 23.8 24.1 12.1 22.2 1.6 1.6 1.5 1.4 >5% 4.0 2.5 -1.2 2021 2022 2023 2024 Q1 2025 2021 2022 2023 20
Slide 18: Balanced financial position
Balanced financial position NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q1/2022–Q1/2025 500 150 450 400 102% 94% 100 350 81% 82% 81% 69% 73% 70% 65% 60% 60% 59% 54% 300 46% 48% 46% 46% 46% 44% 46% 49% 39% 42% 43% 50 33% 250 51% 200 0 150 100 -50 157 164 154 160 151 146 169 155 143 128 138 140 13
Slide 19: Solid cash flow
Solid cash flow OPERATING CASH FLOW (MEUR) OPERATING CASH FLOW BRIDGE Q1/2024 – Q1/2025 27.3 3.0 24.2 25 2.5 22.3 1.4 20.6 21.2 24.2 -1.7 19.6 18.8 2.0 20 0.4 -0.6 17.0 17.3 17.6 1.5 -1.4 13.0 15 22.3 1.0 10.9 9.8 10 0.5 5 0.0 -0.5 0 Q1 2024 Adjusted Taxes paid Net interest Changes Other Q1 2025 Q1/
Slide 20: Investments
Investments 4 3 CAPEX, LEASES, M&A Q1/22-Q1/25 DEPRECIATIONS Q1/22-Q1/25 16 2 16 1 14 1 14 13 1 0 12 10 -1 -1.8 -1.6 -1.6 -1.6 10 8 4 -2 -0.7 -0.9 -1.1 -1.2 7 11 1 14 13 6 -3 5 5 5 11 -1.9 -1.7 -1.4 4 4 -1.6 4 3 2 1 3 -4 3 7 1 -4.2 -4.1 3 3 1 1 -4.3 -4.4 2 -5 1 3 3 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 21: Earnings per share and dividends
Earnings per share and dividends ROE & ROI (%) Q1/22-Q1/25* EARNINGS PER SHARE Q1/22-Q1/25 80 0.28 70 0.23 60 0.20 0.20 46.6 0.19 0.19 50 0.18 0.18 0.15 40 0.14 0.14 0.13 0.13 30 23.9 18.5 20.5 19.9 20 13.9 12.9 13.1 10 0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25
Slide 22: Total Shareholder Return 2015-2024
Total Shareholder Return 2015-2024 2015–2024 TSR, % (dividends included) Alma Media’s TSR +498.2% Alma Media Oy 498% Helsinki Stock Exchange Index +85.3% (including dividends) OMXHGI 85% 2014-12-30 2015-12-30 2016-12-30 2017-12-30 2018-12-30 2019-12-30 2020-12-30 2021-12-30 2022-12-30 2023-12-30 202
Slide 23: Operating environment
OPERATING ENVIRONMENT
Slide 24: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Growth picking up, but major Digitalisation continues to Digital legislation increasing. Geopolitical tensions changes in geopolitics and change consumer behaviour. Gro
Slide 25: European Commission financial forecast for Alma's operating countries
European Commission financial forecast for Alma's operating countries - Latest Alma Media operating countries’ updates GDP Change (%) Inflation (%) Unemployment (%) 2025 2026 2025 2026 2025 2026 1.5 1.6 2.0 1.8 7.9 7.5 Finland 2.4 2.7 2.4 2.0 2.7 2.7 Czechia 2.3 2.5 5.1 3.0 5.3 5.1 Slovakia 3.3 2.9
Slide 26: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 03/2024–03/2025 Source: Kantar TNS 15% 5% -5% -15% -25% -35% -45% P3 24 P4 24 P5 24 P6 24 P7 24 P8 24 P9 24 P10 24 P11 24 P12 24 P01 25 P02 25 P03 25 Advertising sales total, chg % Newspaper advertising, chg % Online advertisi
Slide 27: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) +31.8% -18.2% 4 968 4 783 4 951 4 591 4 483 4 603 4 231 4 288 4 355 3 822 3 757 3 697 2 922 4 418 4 776 4 468 4 622 4 782 4 273 4 033 4 173 4 253 3 703 3 628 3 608 2 821 P3 23 P4 23 P5 23 P6 23 P7 23 P8 23 P9 23 P10 23 P11
Slide 28: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) -2.2% +6.8% 61 466 60 810 63 406 61 833 60 380 58 626 57 217 56 415 54 039 53 342 52 834 54 082 50 973 52 208 54 099 53 428 55 855 56 800 46 465 46 750 46 450 54 072 50 953 48 420 50 839 44 482 P3 23 P4 23 P5 23 P6 23 P7 23 P8
Slide 29: Ukrainian crisis
Ukrainian crisis • Russia’s aggressive invasion to Ukraine, brought severe economic and business consequences: • Significantly higher energy prices and inflation • Lower economic growth in Europe • Increased volatility and insecurity • Disruptions in financial markets and supply chains due to sancti
Slide 30: Sustainability as an integral part of our strategy
Sustainability as an integral part of our strategy Alma Media has gained international recognisition by its ambitious work for climate and responsible business. ENVIRONMENTAL Alma Media has significantly cut down its carbon • Minimising CO2 emissions in own footprint in the last few years operations
Slide 31: Strategy and outlook
STRATEGY AND OUTLOOK
Slide 32: Business segments
Business segments Q1 2025 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading Job boards in 10 CEE Leading marketplaces in real Leading digital news media in countries. Recruitment estate, mobility and business the Finnish market. Pioneer in ad
Slide 33: Versatile revenue sources, business cyclicity varies
Versatile revenue sources, business cyclicity varies Revenue source Share of revenue Highest cyclicity Advertising 19% Classifieds 39% Other 7% Digital services 18% Content sales 16% Lowest cyclicity Q2 2024 2024 ŵŶ
Slide 34: Alma Media's transformational journey
Alma Media’s transformational journey Exploiting paradigm changes in technology and consumer behaviour Integrating Platforms 2020 > Media and Services • Expanding our role in value chains • Streamlining customer processes by 2000 - 2020 integrating services to platforms • Enabling integrations also
Slide 35: Synergies
STRATEGY SYNERGIES 1 TRANSFORM • Streamline customer processes by integrating Advanced services to platforms • Systematically improve all products and MARKETPLACES processes with AI Intelligent • Increase operational agility to speed up time- Shared INSIGHTS to-market AUDIENCES DATA 2 GROW TECHNOLOG
Slide 36: From classified advertising to transactions
From classified advertising to transactions Entering larger potential market and enabling new revenue sources B U Y E R S SEARCH EVALUATE NEGOTIATE OWNERSHIP & & & & PROVIDE MARKET CLOSE CRM SELLERS, B2B PARTNERS ADVERTISING TRANSACTIONS 1 We further develop and complement our product portfolio to c
Slide 37: AI boosts Alma's strategy
AI boosts Alma's strategy 1. INCREASING INTERNAL PRODUCTIVITY • Use of AI tools for individual productivity, e.g., in software or content creation. • Automating internal processes, e.g., reporting, Stage 3: forecasting, or planning New business models OPPORTUNITY 2. IMPROVING CUSTOMER EXPERIENCE Sta
Slide 38: Outlook for 2025
Background for the outlook Outlook For 2025 The outlook is based on an assessment of Announced on 5 February 2025 the company's main market areas, where national economies are expected to pick up, but the uncertainty continues. The global economy fluctuations may affect the Alma Media expects its fu
Slide 39: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–June 2025 on Thursday 17 July 2025 • Interim report for January–September 2025 on Friday, 31 October 2025 ŶŲ
Slide 40: Closing remarks
Closing remarks • Digital transformation has led to a well-balanced and synergistic business mix and to market leadership in chosen areas • The digital journey continues towards integrating platforms • Leveraging the best of current Alma Career products by expanding into new markets: building one un
Slide 41: Slide 41